Nope. They'll invest behind Windows 7 phones. I believe it would be a disaster for MS to release a 3DS/NGP equivilent at this point. Nintendo rule that roost and even Sony, coming off the two best selling home consoles ever, could only manage a decent first try - although I think with NGP they could do even better this time.
For MS a handheld would be a huge expense and distraction and they'd probably end up way behind Nintendo/Sony initially rather than focusing all efforts on 360 install base and Kinect.
So nope. Just doesn't seem to make strategic sense to me and seems to likely to end in failure.
Try to be reasonable... its easier than you think...







